Doesn’t anyone own music anymore

An article from today’s FT says that sales of downloaded music, video and games passed the £1bn mark for the first time last year (2012)

“Digital music sales rose 15.1 per cent over the year to £383.3m, excluding the growth in music streaming services such as Spotify and Deezer.

Data from the Official Charts Company released on Wednesday showed that these services were growing in popularity with 3.7bn tracks streamed in the UK during 2012.The top three streamed tracks reached the equivalent of 140 streams for every household in the UK last year.

Digital downloads accounted for 99.6 per cent of all single sales. Digital album sales rose 14.8 per cent to 30.5m last year with Emeli Sandé’s Our Version of Events the bestseller.

However, physical sales of CD albums fell 19.5 per cent over the year to 69.4m.”